Movement.

[BLADES1988]

Right I think it might be time for some knockers now! (No PaStA MAn not Gnocci).

 

[TCsLoveChild]

Can only pay max £40K a year in to pension to gain tax relief. Outside of that you still pay tax on what you pay in, and then pay tax when you draw down so its a bit of a double whammy. That's why all these rich people look for other tax avoidance schemes.

*I am not a pensions expert).

Can confirm that is correct and I am a pensions expert UTB

 

[Sheffsteel]

Holy shit, what has happened to this thread?

I preferred the Bee infestation, where’s Les, surely he’ll have a view.

 

[TCsLoveChild]

Can confirm that is correct and I am a pensions expert UTB

Actually if they earn over £210k pa they will be restricted to £10k pa pension contributions. UTB

 

[ChrisDysonHT]

Ok so let’s assume a pension contribution of 15%.

He’ll have a take home of 1.05m with 312k in his pension pot (before employers contributions and interest).

Assuming the 312k is enough to retire on at 55, he’s got 1.05m to last 20-55. Minus the 300k house leaves 20k per year for 35 years.

Don’t get me wrong, it’s not a bad position to be in, but nor is it the glamour people seem to expect. Especially if you’ve been living a footballers lifestyle!

I pretty much will bet my house that Duffy lives in a house that is worth more than £300k ....... my mother in Sothall's is worth that ..... but even if it is £600k ....... still a lot to live on PLUS the house prices go up yearly

 

[Harrisblade]

Can only pay max £40K a year in to pension to gain tax relief. Outside of that you still pay tax on what you pay in, and then pay tax when you draw down so its a bit of a double whammy. That's why all these rich people look for other tax avoidance schemes.

*I am not a pensions expert).

Only FORTY THOUSAND POUNDS A YEAR into a fucking PENSION POT !!!
How do the poor little dears possibly manage?

 

[bromtom]

Any movement then?

 

[A Storm of Blades]

Lets say he's averaged 4k a week for the 10 seasons prior.

I guarantee this kind of income does NOT set you up for life or anywhere near.

That’s £2,500,000 gross. So somewhere near.

 

[FYT]

That’s £2,500,000 gross. So somewhere near.

Are you sure?

 

[Davalon]

Some high rollers on here

 

[Westran]

Glad I skim read that lot

 

[Jan Age]

Absolute tosh.

What I said ? or the suggestion that earning just over £2mil before tax and pensions etc. and not allowing for any kind of bonuses or sponsorship would guarantee you could live comfortably after retiring ?

 

[Boxer Blade]

While we are at it can anybody give advice on who the best electricity /gas supplier is? And what are the best rates? I bet some fucker has an opinion

 

[Bladesman]

While we are at it can anybody give advice on who the best electricity /gas supplier is? And what are the best rates? I bet some fucker has an opinion

Bulb | The energy company

100% renewable electricity, 100% carbon offset gas. Manage your energy from your phone.

bulb.co.uk

 

[A Storm of Blades]

Are you sure?

Sure about what?

 

[ReeceofBDTBL]

Pensions and retirement, seriously can you not go discuss it elsewhere? Football is supposed to be escapism from life, not this mind deadening toss yer boring twats.

 

[Jan Age]

Once tax is taken off (assuming no creative accounting) that would leave you with just over 1.2m.

Assuming Duffy lives in a conservative 300k house, you now have 900k after the mortgage is payed off. So spread over 60 years (assuming independent living of 20-80 years of age) you’ll have 15k a year. Once you factor in car/heating/food etc. it’s not a vast sum to live on comfortably.

If Duffy wanted to pay for his kids to go to private school for example he’d be paying ~10k a year.

I tell you what then you just live in a vastly different world to the one I was brought up in. When you’re mortgage free and your bills are paid and you still have £1250 to spend per month....

Given the avatar salary in the UK is £29 and people will have taxes etc to come out of that I would suggest £1,250 is enough for the average Joe to live off

 

[GrayBlade]

5 pages on the rumours thread about pensions and finance. What’s all that about?

 

[bromtom]

5 pages on the rumours thread about pensions and finance. What’s all that about?

Pensions and finance.

 

[Brian Deane]

Actually if they earn over £210k pa they will be restricted to £10k pa pension contributions. UTB

Is he allowed to put into his wifes pension too or is that a no no .......asking for a friend

 

[Grappler]

Any movement then?

Yes, apparently you can put up to 40k a year into your private pension.

 

[GrayBlade]

Pensions and finance.

Who’s, Matty Phillips’s?

 

[Harrisblade]

Who’s, Matty Phillips’s?

Ched's

 

[raimond]

Well fuck me thank God it's all starting soon. Looking forward to the wills, trusts and life insurance thread next summer

 

[OnmiEdson]

Well the only relevance to this thread’s title
Is that reading those six pages cause me to have a massive movement ........ITK

 

[Mad Mick]

Perhaps we should move on to annuity rates now?

 

[DronnieBlade]

Perhaps we should move on to annuity rates now?

Nah.

Do drawdown.

But watch out for sequence of return risk. It’s a behatch

UTB

 

[Paisley Blade]

Duff could always go down the equity release route when the pips start to squeak ?

 

[FYT]

Sure about what?

The money, think it's £420k over, unless i have it wrong.

 

[ShockingBadBuy]

Some high rollers on here

Desperate to let the rest of us know it, too